International Economic
US new home sales register sharp slump in April
New home sales in the US fell by far more than economists had anticipated in April.
Bitcoin´s price jumps and declines are limited
Bitcoin´s (BTC) been clearly encapsulated in a narrow trading range for a little over a week now, with a very clear resistance level at $30,500/$30,600 and support around $28,500, where buying comes in again and again on the digital asset. After a weekend at the bottom of this channel, the cryptocurrency tried to break above $30,600 on Monday, but failed to clear this area, and so it falls back to $29,000. Without clear catalysts, the bulls are losing steam to continue the rallies.
Euro area PMIs miss forecasts in May, but economy resilient
Euro area economic growth was resilient in May despite being buffeted by multiple headwinds, the results of three closely-followed surveys revealed.
ECB won´t be rushed on raising rates, Lagarde says
The European Central Bank does not need to rush interest rate hikes because inflationary pressures were coming from the so-called supply side of the economy, Christine Lagarde said.
Euro area interest rates may no longer be negative by end of September, ECB's Lagarde says
Interest rates in the single currency area may well be out of negative territory by the end of September, the head of the European Central Bank said.
Bitcoin continues to consolidate after its worst run of weekly declines since 2011
The cryptocurrency market rises on Monday after a weekend of weakness in which Bitcoin and Ethereum were located at the bottom of the consolidation range that both tokens are framed in after the chaos unleashed in the market just 10 days ago. Satoshi Nakamoto's creation is still battling to build positions above $30,000 and continue rallies to $32,000, resistance that would open the door to larger gains for the cryptoasset, while Ether - the Ethereum network unit - is changing hands at $2,000.
German business sentiment improves in May - Ifo
German business sentiment unexpectedly improved in May, according to a survey released on Monday by the Ifo Institute.
Two indicators point to buying opportunity in Bitcoin; price back at $30,000
There are new rises the cryptocurrency market, with its two main tokens, Bitcoin and Ethereum, at the top of the price ranges they drew during the week, in a clear consolidation of the strong sales of early May and despite the performance of Wall Street, where there were further falls after Wednesday's session on Thursday, the most bearish since 2020. Satoshi Nakamoto's creation recovers $30,000, resistance that is considered key in the $28,000 to $32,000 range, while Ethereum rises above $2,000.
China cuts key interest rate
The People’s Bank of China cut a key lending benchmark on Friday by the most on record as it looks to support a slowing economy and support housing demand.
German producer prices see highest-ever annual rise as energy prices surge
German producer prices rose at their highest annual pace in April as the war in Ukraine pushed up energy prices, according to figures released by Destatis on Friday.
Philly Fed index slumps in May amid slower inventory building
Factory sector activity in the US mid-Atlantic region cooled significantly in May, largely as a result of firms slower stockbuilding.
US existing home sales dip in April, more declines anticipated
Existing home sales in the States fell in April and the slowdown in activity appeared set to continue, a leading business lobby group said and some economists were even more downbeat.
US jobless claims jump past forecasts during latest week
The US jobs market continues to be quite tight, the latest figures for unemployment claims filings showed.
Bitcoin "set a bull trap for investors" and will return to declines
Risk aversion hits the stock markets that suffered significant sales once again on Wednesday, after the statements of the president of the Federal Reserve (Fed), Jerome Powell, showing his determination to curb inflation. Wall Street took a hard hit with a 4% drop for the Nasdaq - as it lost its $12,100 support, which has impacted Bitcoin and cryptocurrencies, whose evolution in the markets goes hand in hand with the New York Stock Exchange. However, these assets have withstood the bearish pull, which entails serious risks according to experts.
ECB's Rehn, De Cos show support for interest rate hikes
Two more of the European Central Bank's top policymakers added their voices to those showing support for interest rate hikes and more than one at that.
US housing starts fall more quickly than expected in April
Homebuilding activity in the States weakened more than expected last month.
Euro area CPI unchanged in April
The cost of living in the euro area was unchanged last month, contrary to a preliminary estimate.
US retail sales jump past forecasts in April
Americans continued splashing out much more than expected last month, especially on automobiles.
Eurozone economy strengthens despite Ukraine war
The Eurozone economy strengthened in the first quarter, official data showed on Tuesday, despite the impact of the war in Ukraine.
ECB's Knot opens door to possible 50bp interest rate hike
One of the European Central Bank's most hawkish officials opened the door to a possible 50bp interest rate hike if needed.